hello there, thought i'd share the bear case - just in case there was any bears out there hoping for lower prices (lol)
i'm not on either side, just a guy who plays a violin on the titanic. make money going up, down and sideways - so wherever it goes, is where you will find me.
---
firstly, we must break above 43806.53 to invalidate the bear case.
if we don't break above this region, you can anticipate more trickery in the days ahead.
this particular case takes into consideration the potential of a fifth wave which has yet to play out
it would basically be an expanded fifth wave, and has a lot less probability of taking place than the current bull case.
downside target for the fifth wave would be closer to 36k, and it could take another month+ to play out \\ what you see drawn on my chart is just a road map of algo targets - time is not accounted into this particular case.
ps. i'm long from the bottom of the range, and short from the top of the range - stops at either invalidation point. whichever way it goes, i win regardless.
✌
i'm not on either side, just a guy who plays a violin on the titanic. make money going up, down and sideways - so wherever it goes, is where you will find me.
---
firstly, we must break above 43806.53 to invalidate the bear case.
if we don't break above this region, you can anticipate more trickery in the days ahead.
this particular case takes into consideration the potential of a fifth wave which has yet to play out
it would basically be an expanded fifth wave, and has a lot less probability of taking place than the current bull case.
downside target for the fifth wave would be closer to 36k, and it could take another month+ to play out \\ what you see drawn on my chart is just a road map of algo targets - time is not accounted into this particular case.
ps. i'm long from the bottom of the range, and short from the top of the range - stops at either invalidation point. whichever way it goes, i win regardless.
✌
Trade closed manually:
closed my short for +231% profit, and im long from here